iQiyi Sports, the sports arm of Baidu's video streaming service iQiyi, raises ~$124M Series A from China Sports Capital, a Sequoia China-backed fund (Eudora Wang/China Money Network)

Eudora Wang / China Money Network:
iQiyi Sports, the sports arm of Baidu's video streaming service iQiyi, raises ~$124M Series A from China Sports Capital, a Sequoia China-backed fund  —  IQiyi Sports, the sports arm of Chinese streaming platform iQiyi Inc., has secured a RMB850 million (US$124 million) series A financing round.

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